Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.002%

Price spread now: OKX against Polymarket Perps+0.022%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$230.232% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days+0.017%+$2 · spread now +0.022%, 7d avg +0.073%

Together, before fees+0.060%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.051% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.073%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NVDA-USD	227.64	0.0050	pay 0.0006% / 1h	23m 19s	$402K	$276K	10x
Short	OKX NVDA-USDT-SWAP	227.69	0	get 0.0000% / 8h	4h 23m	$14.4M	$20.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee OKXbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$10.5
Price spread: +0.022% → +0.073%: −$5.08
Slippage, 4 orders: −$5.16
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$38.74
Costs to cover: 0.232%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 34 min ago; OKX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Polymarket Perps live order book, 34 min ago	2.20 bp	6.2 bp −$6	6.9 bp −$69	8.2 bp −$820	doesn't fit
Sell OKX live order book, 5 min ago	0.22 bp	5.5 bp −$5	7.5 bp −$75	22.7 bp −$2,275	doesn't fit

NVDA on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NVDAUSDT	0.0000%	8h	227.68	+0.018%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAPshort	0.0000%	8h	227.69	+0.022%	$14.4M	$20.4M	50x
Gate NVDA_USDT	0.0000%	8h	227.62	−0.009%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.73	+0.040%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.32	−0.141%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	0.000%	$198K	$470K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.66	+0.009%	$2.2M	$43K	10x	as long as short
Hotstuff NVDA-PERP	+0.0008%	1h	227.48	−0.070%	$35K	—	20x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.44	−0.088%	$118K	$54K	10x	as long as short
Aster NVDAUSDT	+0.0032%	8h	227.69	+0.021%	$483K	$590K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVDA_USDT_Perp	+0.0034%	8h	227.60	−0.018%	$20K	$390K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.52	−0.053%	$399K	$741K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.77	+0.057%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.55	−0.040%	$147.8M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USDlong	+0.0050%	1h	227.64	long leg	$402K	$276K	10x
SoDEX NVDA-USD	+0.0050%	1h	227.54	−0.044%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.35	−0.127%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.60	−0.018%	$1.3M	$9.3M	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.60	−0.018%	$49K	$1.6M	10x	as long as short
Variational Omni NVDA	+0.0063%	8h	227.60	−0.016%	$3.5M	$2.1M	—	as long as short
Lighter NVDA	+0.0064%	1h	227.65	+0.003%	$2.2M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0066%	1h	227.55	−0.040%	$484K	$228K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.50	−0.060%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.50	−0.062%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.64	0.000%	$36K	$21K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.048%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.67	+0.012%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0116%	8h	227.70	+0.027%	$156.4M	$215.8M	50x	as long as short
KuCoin NVDAUSDTM	+0.0133%	8h	227.62	−0.009%	$1.6M	$724K	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.80	+0.070%	$5.1M	$7.1M	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.54	−0.044%	$94K	$112K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.119%	$73K	$138	30x	as long as short
BloFin NVDA-USDT	+0.0237%	8h	227.62	−0.009%	$721K	$201K	20x	as long as short
edgeX NVDAUSDC	+0.0294%	4h	227.61	−0.013%	$171K	$1.9M	20x	as long as short
Extended NVDA_24_5-USD	+0.0360%	1h	227.47	−0.072%	$679K	$743K	10x	as long as short